Digest of September 16, 2025

Industry trends

• Global telecom capex stabilized in Q2 per Dell’Oro; RAN spend remained weak but vendor results hint at a bottoming phase. 

Market movements

• UK MVNO giffgaff entered fixed broadband, launching fiber over Nexfibre’s wholesale XGS-PON — another MVNO crossing the mobile–fixed divide. 

• Australia’s NBN Co unveiled its first multi-gig wholesale tiers, topping out at 2 Gbps — a fresh nudge to retail ISPs on premium FTTP.